Thyroid Function Tests Devices Market was worth USD 1.06 billion in 2018 and estimated to be growing at a CAGR of 3.26%, to reach USD 1.25 billion by 2023. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the medical industry.

Thyroid Function Tests (TFT) includes a variety of blood tests which are performed to know the functions of thyroid gland. Epidemiological information from WHO states that there exist more than 750 million cases globally with thyroid ailments. Many thyroid ailments like Hypothyroidism, Hyperthyroidism, Hashimoto’s Disease, Grave’s Disease and Thyroiditis can be diagnosed with the TFT. Hyperthyroidism and Hypothyroidism are the main indications of thyroid ailments.

Key factors propelling the growth of the Thyroid Function Tests Devices Market include growing prevalence of thyroid ailments, rising expenditure on healthcare infrastructure and collaborations within pathologists and diagnostic companies along with consumer demand to provide quick decision making. Research suggests that there is urgent need of advanced diagnostics centres, which will enable better and trusted outcomes.

As of 2018, North America and Europe led the global thyroid function tests market in terms of market share. Asia Pacific, especially Japan is predicted to grow at a significant rate and will contribute to the global thyroid function tests market value showing a high CAGR during the forecast period, 2018-2023.

Some of the major companies in this market are Beckman Coulters, Siemens Healthcare Diagnostics, bioMérieux Inc, DiaSorin S.p.A and IBL-America and Others.

1. Introduction

1.1 Market Definition

1.2 Study Deliverables

1.3 Base Currency, Base Year and Forecast Periods

1.4 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Research Phases

2.2.1 Secondary Research

2.2.2 Primary Research

2.2.3 Econometric Modelling

2.2.4 Expert Validation

2.3 Analysis Design

2.4 Study Timeline

3. Overview

3.1 Executive Summary

3.2 Key Inferences

3.3 Epidemology

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

4.1 Market Drivers

4.2 Market Restraints

4.3 Key Challenges

4.4 Current Opportunities in the Market

5. Market Segmentation

5.1 Disease indication

5.1.1 Introduction

5.1.2 Type TSH Tests (Thyroid Stimulating Hormone Test)

5.1.3 FT4 Tests (Free T4)

5.1.4 FT3 Tests (Free T3)

5.1.5 Y-o-Y Growth Analysis, By Disease indication

5.1.6 Market Attractiveness Analysis, By Disease indication

5.1.7 Market Share Analysis, By Disease indication

5.2 Usage

5.2.1 Introduction

5.2.2 Hospitals

5.2.3 Acute Care Centers

5.2.4 Diagnostic Laboratories

5.2.5 Clinic

5.2.6 Y-o-Y Growth Analysis, By Usage

5.2.7 Market Attractiveness Analysis, By Usage

5.2.8 Market Share Analysis, By Usage

6. Geographical Analysis

6.1 Introduction

6.1.1 Regional Trends

6.1.2 Impact Analysis

6.1.3 Y-o-Y Growth Analysis

6.1.3.1 By Geographical Area

6.1.3.2 By Disease indication

6.1.3.3 By Usage

6.1.4 Market Attractiveness Analysis

6.1.4.1 By Geographical Area

6.1.4.2 By Disease indication

6.1.4.3 By Usage

6.1.5 Market Share Analysis

6.1.5.1 By Geographical Area

6.1.5.2 By Disease indication

6.1.5.3 By Usage

6.2 North America

6.1.1 Introduction

6.1.2 United States

6.1.3 Canada

6.3 Europe

6.2.1 Introduction

6.2.2 U.K

6.2.3 Spain

6.2.4 Germany

6.2.5 Italy

6.2.6 France

6.4 Asia-Pacific

6.3.1 Introduction

6.3.2 China

6.3.3 India

6.3.4 Japan

6.3.5 Australia

6.3.6 South Korea

6.5 Latin America

6.4.1 Introduction

6.4.2 Brazil

6.4.3 Argentina

6.4.4 Mexico

6.4.5 Rest of Latin America

6.6 Middle East & Africa

6.5.1 Introduction

6.5.2 Middle-East

6.5.3 Africa

7. Strategic Analysis

7.1 PESTLE analysis

7.1.1 Political

7.1.2 Economic

7.1.3 Social

7.1.4 Technological

7.1.5 Legal

7.1.6 Environmental

7.2 Porter’s Five analysis

7.2.1 Bargaining Power of Suppliers

7.2.2 Bargaining Power of Consumers

7.2.3 Threat of New Entrants

7.2.4 Threat of Substitute Products and Services

7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis

8.1 Beckman Coulters

8.1.1 Overview

8.1.2 Product Analysis

8.1.3 Financial analysis

8.1.4 Recent Developments

8.1.5 SWOT analysis

8.1.6 Analyst View

8.2 Siemens Healthcare Diagnostics

8.3 bioMérieux Inc

8.4 DiaSorin S.p.A

8.5 IBL-America

9. Competitive Landscape

9.1 Market share analysis

9.2 Merger and Acquisition Analysis

9.3 Agreements, collaborations and Joint Ventures

9.4 New Product Launches

10. Market Outlook and Investment Opportunities

Appendix

a) List of Tables

b) List of Figures

Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market